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NFLX Jun 2024 360.000 call
| Previous close | 265.80 |
| Open | 215.00 |
| Bid | 196.40 |
| Ask | 199.85 |
| Strike | 360.00 |
| Expiry date | 2024-06-21 |
| Day's range | 197.68 - 215.00 |
| Contract range | N/A |
| Volume | |
| Open interest | 403 |
Yahoo FinanceNetflix stock sinks on disappointing revenue forecast, move to scrap membership metrics
Netflix reported first quarter earnings after the bell on Thursday. Here's what to know.
- Yahoo Finance Video
Netflix: Breaking down how investors interpret subscriber data
Netflix (NFLX) stock is falling Friday morning despite reporting breakout growth of 9.3 million new subscribers in its first-quarter earnings report. Going forward, the streaming giant will not be disclosing subscriber figures in future earnings results. Citi Managing Director Jason Bazinet sits down with the Morning Brief to highlight the "anxiety" that could manifest in investors from Netflix withholding this core data. Netflix's ad-supported tiers and password-sharing crackdown have proven to be a boon to revenues and the streamer's subscriber count. "What they [Wall Street] want to see is when we begin to lap some of these password-sharing benefits, what's going to carry the water? How are they going to get these net ads?" Bazinet explains. "So right about the time that the benefit of password sharing fades, people want to see the sub numbers to see how well the ad tier is doing." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
Yahoo Finance'We've evolved': Netflix explains decision to stop reporting crucial subscriber data
Netflix will no longer report membership numbers starting next year.
